Friday, March 23, 2007

Some Rare Positive Words on Magazines

Joe Mansueto, founder of the Morningstar analytical colossus, has some rare positive words to say about the magazine business in Folio. The article is here.

Despite online competition, he says, magazines still make good investments. This brief article describes how he pulled off a turnaround at Inc. and Fast Company.

Mansueto is a true visionary, who initiated a mutual fund data system in the early eighties just in time to latch on to the bull market. I used to deal with him occasionally years ago, in connection with Business Week's mutual fund issues. Thanks to Jeff Laderman, BW went with Morningstar instead of Lipper Analytics. Good choice, obviously.

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About Me

I'm a journalist and author. My latest book is AYN RAND NATION: The Hidden Struggle for America's Soul (St. Martin's Press: Feb. 28, 2012). My previous books were Wall Street Versus America (Portfolio: 2006) and Born to Steal (Warner Books: 2003). I was an investigative reporter and Wall Street writer for BusinessWeek, a contributing editor at Condé Nast Portfolio, and have written for the Daily Beast, Parade magazine, Salon, The Street.com, Fortune.com, Barron's and many other publications. I was an adjunct professor at Columbia University's School of Journalism. Follow me on Twitter @gary_weiss